$Sea Ltd(SE)$What I have learnt over the years is that when everyone says keep pumping and it will increase, run fast as you can. This is a much correction needed to reflect the actual value that has inflated over a short 1-2 years period. Probably, the entire equity market. Specifically for SEA, a loss making business regardless of growth and potential is still driven by massive money burning. People who are in E-commerce industry knows very well the scene behind every numbers reported, it is just a money game. Ultimately, no E Commerce company is profit, till today. Unless Shoppee starts to monetise aggressively from its platform, but then you have sellers who will shift to other platforms due to increased cost. So think agai
Tesla shares gained in premarket trading as the company had a backlog of over 1.2 million Cybertruck reservations worth over $80 billion
Tesla shares gained in premarket trading as the company had a backlog of over 1.2 million Cybertruck reservations worth over $80 billion.Based on the latest tally, Tesla has a backlog of over 1.2 million Cybertruck reservations worth over $80 billion.But there’s still no production in sight.Tesla unveiled the Cybertruck almost two years ago to the day.The electric pickup truck was supposed to be in production already, but the automaker delayed the program as it focused on growing Model Y product
EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%
EV stocks bounced in morning trading, with Lucid jumping nearly 12% and Rivian rising over 6%.Apple is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again.